Attitudes towards entrepreneurship in Finland and the Finnish entrepreneurial ecosystem are among the best in the world, according to the Global Entrepreneurship & Development Index (GEDI). The research for GEDI is conducted by the Imperial College Business School, George Mason University, London School of Economics and University of Pécs.
GEDI ranks Finland’s entrepreneurial ecosystem eighth overall among more than 120 countries. According to GEDI, Finland’s entrepreneurial strengths include Opportunity perception, Start-up Skills, Networking, Cultural Support, Opportunity Startup, Tech Sector, Product Innovation, and Process Innovation. Finland’s scores are significantly higher in these areas than the European and global average.
GEDI is based on the analysis of comprehensive data sets from more than 120 countries about the “3A’s” of development: entrepreneurial attitudes, aspirations, and activity. GEDI was created to provide a more complete understanding of economic development by capturing the contextual nature of business formation, expansion, and growth.